A fixed asset can also be referred to as a ________ asset HomeFinancial Accounting MCQsA fixed asset can also be referred to as a ________ assetQ. A fixed asset can also be referred to as a ________ asset.A. liquidB. currentC. tangibleD. trading account Answer: tangible
Rohit carrying on real estate business sold a piece of land for Rs.4,00,00,000 (cost Rs.3,50,00,000) then the type of receipt is nature and profit on sale is